After a tumultuous couple of months, starting with the lawsuit from Waymo, to the sexual harassment case after a scathing blog post by Susan Fowler and finally to Travis Kalanick stepping down, Uber is looking to fix its toxic culture. Whilst the ride sharing firm doesn’t have any sense of a leadership structure where it is still managed by a 14-man team, Uber is slowly first addressing the issues highlighted by an independent committee.
The first of which is to address the pay gap amongst its employees. By the 1st of August, Uber will be raising the salaries of their employees across gender as well as groups in order to equalise the pay. This could potentially cost Uber millions of dollars and even so, Uber aims to increase the pay of employees by 2.5% for each year they have been working at the firm as reported by Cnet.
The pay gap has been a big issue in the US where there have been allegations that men and women get a different pay for the same work they do. This also includes between whites and non-whites according to a report by The Information. So far, this is the first tech company to make known their intentions to close the pay gap issue.
Uber also plans to increase the equity compensation for many of their employees. So far this has been seen as a positive step for Uber as they faced horrendous public relations image world wide. The board seems to be taking steps to make amends as the firm looks for a new CEO to helm the company and bring it to an IPO.
Some may say that it is too little too late but as long as the firm continues to pay more attention to the issues that they need to fix, there might still be hope for the multi billion dollars company (in valuation).